When you find a property that seems too good to be true for the price, you must ask yourself why it’s priced low.
There is a reason former grow ops have a lower price point.
Very few lenders will finance grow ops. If banks are not willing to finance, why should you be?
Think about it…
The property will always be a stigmatized property.
It’s required that you must disclose the nature of the property even if you sell 10 years later.
There are also no standards for remediation. One can only guess to the environmental damage.
Looking at a grow op? You may just want to think again.